Vulture Funds Swoop as Norway's Junk Bonds Hit Distressed Levels
- Norwegian companies now face a different type of investor
- Nordea says most supply companies need to restructure debt
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Vulture funds have discovered Norway.
Distressed debt investors are now targeting the high-yield market of western Europe’s largest oil producer to sift through collapsed bond prices, according to Lars Kirkeby, chief credit analyst at Nordea Markets, a unit of Scandinavia’s biggest bank.